- 7 Beds
- 6 Baths
- 40,606 Sqft
- .99 Acres
8567 Balboa Boulevard
PRICE REDUCED - 40 units in Northridge. Great value-add opportunity. Long term owner - first time on the market in more than 35 years. Large units - 40,606 sq.ft. of building. HUGE UPSIDE - RENTS ARE 40%BELOW MARKET. Excellent unit mix (17 - 1bd +1ba, 1 - 2bd+1ba,18 - 2bd+2ba & 4 - 2bd+2.5ba townhouse units). The property was built in 1963 and it sits on a 43,288 square foot lot. Units have patios and balconies. The pool has recently been redone with new plaster and tiles. On site laundry. Individually metered for gas and electricity. New water heaters. Copper horizontal pipes. There is parking for 63 vehicles. Potential to add ADUs. The property is centrally located in the San Fernando Valley. Close to California State University, Northridge, Matador Bowland the Northridge Fashion Square Mall. Close to shops, restaurants and easy freeway access. Excellent assumable loan with Chase. Approximate balance -$3,356,863, 3.54% fixed until 7/1/2029. Current monthly payment is $16,015. PROPERTY CAN BE PURCHASED WITH 54 UNITS LOCATED AT 8615 BALBOA BLVD. This is a great opportunity to acquire 94 units in a prime San Fernando Valley location.
Essential Information
- MLS® #25552815
- Price$7,995,000
- Bedrooms7
- Bathrooms6.00
- Square Footage40,606
- Acres0.99
- Year Built1963
- TypeResidential Income
- StatusActive
Community Information
- Address8567 Balboa Boulevard
- AreaNR - Northridge
- CityNorthridge
- CountyLos Angeles
- Zip Code91325
Amenities
- Parking Spaces63
- ParkingCovered, Gated, Uncovered
- GaragesCovered, Gated, Uncovered
Interior
- AppliancesRefrigerator
- HeatingWall Furnace
- # of Stories2
- StoriesOne, Two
Additional Information
- Date ListedJune 16th, 2025
- Days on Market49
- ZoningLAR3
Listing Details
- AgentMichael A Salerno
- OfficeMichael Anthony Salerno
Price Change History for 8567 Balboa Boulevard, Northridge, (MLS® #25552815)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $8,695,000 to $7,995,000 |
Michael A Salerno, Michael Anthony Salerno.
Based on information from California Regional Multiple Listing Service, Inc. as of August 4th, 2025 at 12:37pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.